Renewal - Crowdfunding Platform - Crowdfund Lambeth (2023/24)

December 14, 2023 Director of Strategy and Communications (Officer) Approved View on council website
Full council record

Decision

1)   
To approve the platform renewal for another 12 months with
Crowdfunder UK, starting 1 September 2023 to 1 September 2024.
 

2)   
To approve the budget for the platform costs of £16k plus VAT
(£19,200) from September 2023 to September 2024.
 

3)   
To approve the budget for the quarterly wallet, top up of
£7,500 per quarter (£30k for the year) from September
2023. This is independent to the contract cost.
 

4)   
To approve a total of £49,200 (£19,200) for the
platform cost and quarterly top up cost (£30k). This will
take the maximum contract value to £98,759 over the five-year
(5) year term.
 

Supporting Documents

ODDR- Renewal - Crowdfunding Platform - Crowdfund Lambeth.pdf

Details

OutcomeRecommendations Approved
Decision date14 Dec 2023